Idiots guide to financial relief
Thank God for the G20 pledging to restore growth! I mean I felt entirely lost without their decision to restore growth.
But before we get too excited about the reemergence of our economies maybe we should consider this:
Led by Germany’s Peer Steinbruck, they are concerned about all the billions being added to governments’ debt, and have said it would be best to see if the current stimulus schemes start to work before more money is dedicated.
They are some European finance ministers. They make sense. The UK and US financial types think pouring more money on the problem is the solution. They are ID10Ts of the highest magnitude. Period.
Idiots
I am not so sure the people you are referring to as idiots are really all that.
There is a great article in the latest issue of Rolling Stone that will piss off just about any person that reads it…..in other words the 99.9999% of the people in this world that are not the top players in AIG, the Fed, or the five biggest banks in the world.
I mean these folks make Bernie Madoff look like an bit player. Building the biggest ponzi scheme in the history of the world and then getting the US government – which it just so happens that all the key fed money positions are held by your buddies – to bail you out is frickin genius in my book. It gets me stomping mad but hey, why not go large if your gonna go for broke.
Don@Jersey Shores last blog post..Barnegat Bay Sewell Cup Racing, circa 1900
I enjoyed reading your blog Michele